FTX is gone, so are the FTT. They are on liquidation stage and it's not wise to keep any FTT token. There's a clear message in coinmarketcap that "The FTX bankruptcy proceedings are underway. The FTT token no longer has any use, and may be liquidated by the estate to pay creditors. Please proceed with caution."
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.
People should not overlook. Not everyone knows about the condition of this token and they might be interested how high the coin was at a time. It would have been better for the exchanges to stop trading FTT for normal users but they don't. So everyone should have a detailed look on past, present and future of the coin.
I don't understand why CEXs let customers trade FTT for other cryptocurrencies. They should've de-listed it already to prevent huge losses in the long term. After all, FTX is no longer operable. I guess if there's a huge dip in FTT's price, investors/traders make a class-action lawsuit against CEXs. I'm yet to see how that will play out in the long run. The odds of FTX making a comeback are slim, especially when the brand's already "tainted". They would have to come up with a new name and a new token to lure investors into their business.
Crypto has come a long way since both the Mt. Gox and FTX's collapse, so I'm hoping things will get better in the future. With regulators weighting in, what could go wrong?
